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MORTGAGE 86- 10,0581
<br />MORTGAGE LOAN NO, 1, 24 i fiRA
<br />KNOW ALL MEN BY THESE PRESENTS: That Randy L. Morgan and Carla D. Morgan, each in his and her
<br />own right and as spouse of each other, Morim"' wdsther one or more, in ooraidaatioa of the iwa of
<br />Sixty Six Thousand and no/ 100---------- --- --- ------- -- -- ---- - - -- -- - - - --- DO!LiARS
<br />loaned so sass morn s(forby The Equitable Building and Loan Association of Grand Island, Nebraska, Monpgee, upon 660 tibaaa *(do**(
<br />said ASSOCIATM. Certd cat. No. L 24,688 do hereby giant, convey and nmrtptle undo the aid ASSOCIATION the folbwbg "
<br />desns>bd real erhte, situated in Hall County. Nebraska:
<br />A tract of land located in the East Half of the Northeast Quarter (EI EA) of
<br />Section Twenty -Seven (27), Township Eleven (11) North, Range Ten (10), West of
<br />the 6th P.M. in Hall County, Nebraska, more particularly described as follows:
<br />Commencing at a point on the East line of the Northeast Quarter of Section Twenty
<br />Seven (27), said point being One Thousand Five Hundred Fifty Three and Six
<br />Tenths (1553.6) feet South of the Northeast corner of Section Twenty -Seven (27);
<br />thence Southerly a distance of Seven Hundred One and Twenty -Five Hundredths (701.25)
<br />Feet; thence West a distance of Three Hundred Thirty (330.0) Feet; thence North
<br />a distance of Seven Hundred One and Twenty -Five Hundredths (701.25) Feet; thence
<br />East a distance of Three Hundred Thirty (330.0) Feet, to the place of beginning.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, Minds. storm windows, awnings. heating, air conditioning,and plumbing and water equipment and accessories thereto, purtgn,stoves,
<br />refrirenton,aud other Pastures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And moan eas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all tames and assessments levied or
<br />u sesi ed upon aid premiss and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />iasrralsce [gnat the buildings on said limmuses situated in the sum of S 66,, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said imamate: and not to commit or pewit any waste on or about said premiss;
<br />In rare of dedauk in the performance of any of the terms and conditions of this mortgage or th bond secured hereby, the mortgage shall.
<br />on demand, be entitled to innmediate possestim of the mortgaged premises and the mortgagor hereby amps, tramPen and sets ova to the
<br />rnostpttae a0 the reab, teuRmmes gad uhcorne to be derived iron the rmhorypm0ed premses durirhg such time as the mnortg�e utdeblodnesa sst9 temein
<br />unpaid; and the roortga®ee shall have the poser to appoint any aloent o agents it may desire for the purpos of rcpairiog aid:premises'sd renting
<br />floe sameand nxh9nctiag tls reMS, revenues and incotrec, mod it ray pay out of said income alt expenaes of repai[itig aid - promises and eecaaaty
<br />eamdsaians gad expense irhnarted in renti� gad rmnagitg the same and of cnikcting rentals therefrom: the baltma resmainithg, if any, to be
<br />apoYed to�rasd the disclutge of said mortgage indebtedness thes rights of the mortgagee may be exercved at my time doting the emiateate of errata
<br />aahk,irreapeclive ofgay temporary waiver of the same.
<br />These Pt u, however, are upon the Condition. not if the said Mortgagor %hall repay said ban on or before the maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest acid principal out aid lost, on or bedae
<br />the Twentieth day of each and every month, until said loath is fully paid; hay all taxes and asessments levied spimt said premiss and on this Mortgage
<br />said the Bond secured thereby, before delinquency. furnish approved vmin rancr upon the buildings thereon in the gum of S 66, 000.00 payable
<br />to sM ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments mad insurance with interest at
<br />the maximums kpt fate thereon from date of payment all of which Mortgagor hereby agrees to pay; pe nit no waste on raid pemifes;keep andconhply
<br />with all the agreements and conditions of the Bond for S 66, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of ilea Constitution and By4mn of said ASSOCIATION; then these presents shall become oull and void, otherwise they
<br />akall remain is full face and may be foreclosed at the option of the said ASSOCIATION after failure for throe months to take any of said
<br />payments of be three months in arrears in nuking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />said Mortgagor apes to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any charge in ownership of the red estate mortgyed Ira pin, by sale or otierwis, :hit the entire remaining indebtedness hereby
<br />seamsd:>ha11, at the option of The Equitable Dis"sig and Low Asocission of Grad Island, Nebraska, become immediately due and payable without
<br />farther notice, and the amount remoss ing due under said bad, and a" other bond for any additional advances made thereunder, aLdp, from the
<br />date of exereis of said option, bear interest at t he'maximm IeW rate, and this mortgage ray then be foteelosd to satisfy the amount date on aid
<br />bond, and my other bond for additional advances, topther with all %arm paid by said The Equitable BttOding and Loan Association of Grand IcLnd,
<br />Nabsmaia.lor i W ace, taxes and asesments, and abstru:ting extension churl. with interest thereon, from date of payment at the maximum
<br />i�pl tae:
<br />As _ m the Bond secured hereby, while this mortga le remains in effect the mortgagee nay hereafter advance additional sums to the
<br />hnkets of rid Boud,'their agars or suctwin os in interest, which swm *18 be within the security of this mortgage the am as the funds originally
<br />aearad';ther*, the toW anent of principal debt not to exceed at any time the original amount of this mortgage.
<br />d dais =' 13th day of November A. D_. 19 86
<br />v
<br />MATS OF lG13IfA, a On this 13th day o f November po 86 , before use.
<br />COUNTY OF HALL
<br />the undetaigovd. a Notary Public in and for said County, personally tame
<br />livttdq L. MSr'gen and Carla D. Morgan, each in his and her own rightwgnd as spouse laeiowsho
<br />other,,
<br />aM sobs der idi,ata► panons whose rage s are affixed to the above instrume9ter plot 3 and they severally
<br />NAWswivilloid din mid astrusaust to be then" wolursary act aad deed. r s J7
<br />WITNESS mY hand and tketamal qhs date afonesald.
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